Westerly, Washington County, Rhode Island Property Taxes

Name: Property Tax Bills Across Westerly, Washington County, Rhode Island
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Westerly, RI effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Westerly, RI home value: $383,300
Median annual Westerly, RI tax bill: $3,799, $1,399 higher than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

Property taxes in Westerly, RI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Westerly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Westerly, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Westerly, Washington County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$3,680

$3,415

Ownwell’s Westerly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Westerly with just two data points. By entering your property's estimated assessed value, our calculator applies Westerly’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Washington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Westerly, Washington County, Rhode Island

Local government entities determine tax rates, and these can differ significantly across a state. Each year, counties estimate their necessary budget to deliver services and then divide this by the total assessed value of all taxable properties in their area. This process determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the basic annual procedure.

Comparing Westerly's effective property tax rate with others in Rhode Island can be insightful. Westerly, located in Washington County, has a tax rate of 0.96%, which aligns with the highest and lowest rates in the area, both also at 0.96%. This figure is slightly below the national median property tax rate of 1.02%. For homeowners, this means Westerly offers a relatively competitive rate compared to the national average. With the national median property tax bill standing at $2,400, understanding these rates can help homeowners better anticipate their annual expenses and manage their budgets effectively.

Property Tax Rates Across Westerly, Washington County, Rhode Island

Source: Ownwell

0.57%

1.03%

1.48%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Westerly Tax Rate

0.96%

Median Effective Washington County Tax Rate

1.10%

Median Effective Rhode Island Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Westerly, Washington County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02891	0.96%	0.96%	0.96%	1.02%	1.02%

Source: Ownwell

Property Tax Assessment Values Across Westerly, Washington County, Rhode Island

When examining property taxes in Westerly, RI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Washington County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Westerly. For example, the median home price in Westerly is $383,300, with tax bills ranging significantly across the county. The 02891 zip code has the highest median home price at $383,300.

Property Tax Assessment Values Across Westerly, Washington County, Rhode Island

Source: Ownwell

$136,250

$657,225

$1,178,200

Median Westerly Market Value

$383,300

Median Washington County Market Value

$428,800

Median Rhode Island Market Value

$326,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Westerly, Washington County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02891	$243,410	$293,175	$383,300	$611,925	$1,125,400

Source: Ownwell

Property Tax Bills Across Westerly, Washington County, Rhode Island

In Westerly, Washington County, RI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements made. With Westerly's median home price at $383,300, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,935, while at the 90th percentile, it reaches $10,986. The highest and lowest median tax bills in the area are both $3,799, reflecting the uniformity in certain areas. These figures can be compared to the national median property tax bill of $2,400, highlighting the potential for higher costs in Westerly. Homeowners can face a financial burden due to these taxes, but Ownwell offers services to help reduce these bills. By providing expert analysis and assistance in filing appeals, Ownwell can potentially save homeowners a significant amount on their property taxes.

Property Tax Bills Across Westerly, Washington County, Rhode Island

Source: Ownwell

$1,506

$4,392

$7,278

Median Westerly Tax Bill

$3,799

Median Washington County Tax Bill

$4,838

Median Rhode Island Tax Bill

$4,920

Median United States Tax Bill

$2,400

Property Tax Bills Across Westerly, Washington County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02891	$2,438	$2,935	$3,799	$5,954	$10,986

Source: Ownwell